discovery communications-b (DISCB) Details

Discovery Communications, Inc. operates as a media company. The company operates through U.S. Networks; International Networks; and Education and Other segments. It owns and operates television networks under the brands, such as Discovery, TLC, Animal Planet, Investigation Discovery, Science, Velocity, Discovery Family, American Heroes, Destination America, Discovery Life, Oprah Winfrey network, Eurosport, DMAX, and Discovery Kids. The company’s content spans genres, including survival, exploration, sports, lifestyle, general entertainment, heroes, adventure, crime and investigation, health, and kids. It also distributes content across various platforms, such as brand-aligned Websites, Web-native networks, on-line streaming, mobile devices, video on demand (VOD), and broadband channels; and operates radio stations and Websites. In addition, the company provides access to an online suite of curriculum-based VOD tools, professional development services, digital textbooks, and student assessments through subscriptions for K-12 schools; and publishes hardcopy curriculum-based content. Further, it operates production studios that develop television content for television service providers. As of December 31, 2014, the company operated approximately 330 distribution feeds in 40 languages internationally. Discovery Communications, Inc. is headquartered in Silver Spring, Maryland.

discovery communications-b (DISCB) Key Developments

Discovery Out Of The Race To Acquire Ten Network

Mar 23 15

Discovery Communications, Inc. (NasdaqGS:DISC.A) has left from its partnership with FOXTEL Cable Television Pty Limited to buy the main assets of Ten Network Holdings Limited (ASX:TEN) after rejecting Ten Network Holdings Limited Board's alternative offer that it take only a 14.99% stake and a Board seat at Ten Network Holdings Limited. FOXTEL Cable Television Pty Limited declined to comment.

Discovery Communications Seeks Acquisitions

Mar 12 15

Discovery Communications, Inc. (NasdaqGS:DISC.A) announced an offering of €600 million aggregate principal amount of its 1.90% senior notes due 2027. Discovery Communications, LLC intends to use the net proceeds of this offering to repay a portion of its 3.700% Senior Notes due June 2015 and for general corporate purposes, including the acquisition of other companies or businesses, repayment and refinancing of other debt, working capital, capital expenditures and the repurchase by the Company of its capital stock. Pending application, Discovery Communications, LLC may temporarily invest the net proceeds in short-term investments.

Marc Graboff will join Discovery Communications Inc. as president of global business and legal affairs, production management and studios in April. In his new role, Graboff, who previously served CORE Media Group as president, will oversee Discovery's overall business affairs and production management strategies, with day-to-day oversight of matters relating to the acquisition, development and production of programming for all of Discovery's networks and digital platforms globally. His responsibilities will include management of the company's global business and legal affairs and production management groups, the business and creative talent of discovery studios and the oversight of the company's production assets. Additionally, the company prompted Lee Bartlett, previously executive vice president, global production management, business and legal affairs, to the role of president of the studios group. Reporting to Graboff, Bartlett will serve both a creative and management role leading Discovery Studios, and a day-to-day management role across consumer products, program sales, private networks, footage sales and discovery music source.

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